Auckland rental scam: Pregnant woman, other tenants lose thousands   A young British man has been reported to have received thousands of dollars in deposits from several tenants looking for rental homes after posting a rental ad for an Auckland CBD apartment on Facebook and leaving New Zealand. One of the three confirmed victims, Gonzalez,…

Half of retail businesses missing sales targets, report shows   The retail sector is feeling increasingly pessimistic, with almost half of businesses surveyed in an industry report missing their sales targets in the first quarter of the year. The latest Retail Radar report canvassing business sentiment and market conditions shows almost 30% of businesses were…

ASB predicts recession to be deeper, longer than expected   Despite the increase in wages, it is expected that households will spend an additional $150 per week due to rising prices   ASB Bank predicts that the economic downturn will continue until early next year and that living expenses will outpace. age increases, causing the…